That is simply the selling price minus the selling cost. It’s quicker to subtact that because (200,000 x 1450) – (200,000 x 10) = 200,000 (1450-10) = 200,000 x 1440.

hi, may i know why the calculation about the 1st stage inventory could not use the new selling price specifically for it (950) directly reduce the 10 dollar selling cost? thanks

May l please ask why in the calculation of Production process 1st stage, we used the cost of $1000 instead of the new one of $950?, as we did with the finished product from $1700 to $1450.

Hi, could I understand the reason why we need to take into account the change of finished goods (from 1700 to 1450) after year-end is this is a subsequent event that affects the relevant information at the reporting point? Thanks!

Colman@baraka says

Mommy and Daddy Sheep ??

mvl25 says

Hi, Please why is conversion cost not added to the cost

BASARMUNSIF says

Hi,

Please explain the reason for taking s.p at 1440 for first stage? I am unable to understand the reason.

Ninocka says

Hiya,

That is simply the selling price minus the selling cost. It’s quicker to subtact that because (200,000 x 1450) – (200,000 x 10) = 200,000 (1450-10) = 200,000 x 1440.

lacusng228 says

hi, may i know why the calculation about the 1st stage inventory could not use the new selling price specifically for it (950) directly reduce the 10 dollar selling cost? thanks

cchurches says

Hi Chris,

When working out the new NRV figure how come you are using the finished product cost (1500) instead of the finished cost selling price of 1700?

Thanks

mercyhk says

Hey Chris,

May l please ask why in the calculation of Production process 1st stage, we used the cost of $1000 instead of the new one of $950?, as we did with the finished product from $1700 to $1450.

Many thanks,

Mercy

rosenyz says

Hi, could I understand the reason why we need to take into account the change of finished goods (from 1700 to 1450) after year-end is this is a subsequent event that affects the relevant information at the reporting point? Thanks!